Gold, Silver Hit Record Highs, See Modest Profit-Taking Globally

Gold and silver recently achieved new all-time record highs driven by safe-haven demand, rate cut expectations, and a weakening dollar. Following this surge, both precious metals experienced modest profit-taking, as reported by KITCO. Indian markets (MCX) also mirrored these global trends, hitting fresh lifetime highs.

• Gold and silver reached new all-time record highs recently.
• Modest profit-taking observed after precious metals hit record levels.
• Safe-haven demand and rate cut expectations fueled the rally.
• Platinum also soared to a new all-time high above $2,300/ounce.
• Indian MCX gold and silver futures hit fresh lifetime highs.
• Global economic sentiment and geopolitical tensions impact prices.

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